Parts Catalog Accessories Catalog How To Articles Tech Forums
Call Pelican Parts at 888-280-7799
Shopping Cart Cart | Project List | Order Status | Help



Go Back   PeachParts Mercedes-Benz Forum > Mercedes-Benz Tech Information and Support > Diesel Discussion

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 02-24-2009, 11:33 AM
Registered User
 
Join Date: Nov 2008
Location: Long Island
Posts: 578
I think including both purchase prices would be double accounting. If you want the total cost since Hatty owned it, subtract your purchase price from his. When you sell it, add back in your purchase price minus whatever you get for it. Then you are simply including the actual depreciation in the cost of ownership. You could also account for the cost of money, but that's way beyond what I know how to do. Any CPAs here???
__________________
1987 W201 190D
Reply With Quote
  #2  
Old 02-24-2009, 12:26 PM
TheDon's Avatar
Ghost of Diesels Past
 
Join Date: Oct 2005
Posts: 13,285
Quote:
Originally Posted by JonL View Post
I think including both purchase prices would be double accounting. If you want the total cost since Hatty owned it, subtract your purchase price from his. When you sell it, add back in your purchase price minus whatever you get for it. Then you are simply including the actual depreciation in the cost of ownership. You could also account for the cost of money, but that's way beyond what I know how to do. Any CPAs here???
without his purchase price its around $20k
Reply With Quote
Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -4. The time now is 04:38 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2025, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2024 Pelican Parts, LLC - Posts may be archived for display on the Peach Parts or Pelican Parts Website -    DMCA Registered Agent Contact Page